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Level 2
April 16, 2022
Question

From 8915

  • April 16, 2022
  • 1 reply
  • 5 views

I have a 2020 Qualified Disaster amount and have completed form 8915 but this 1/3 for 2021 is not being transferred to my 1040 line 4B.

 

How can I get this done?

    1 reply

    DoninGA
    Level 15
    Level 15
    April 16, 2022

    You must go to the Retirement Income section of the program for a Form 1099-R to be able to enter your 2nd year of the 2020 distribution -

    Click on Federal

    Click on Wages & Income

    Scroll down to Retirement Plans and Social Security

    On IRA, 401(k), Pension Plan Withdrawals (1099-R), click on the Start or Revisit button

    On the screen Did you get a 1099-R in 2021? Click on NO, if you did not receive a 2021 Form 1099-R in 2022

     

    Answer Yes when asked Have you ever taken a disaster distribution before 2021?

    Answer Yes when asked if you took a Qualified 2020 Disaster Distribution

    Check the box that this was a Coronavirus-related distribution reported in 2020

     

    In the box 2020 Form 8915-E, line 4, column b - Leave blank or enter a 0

    This is not required on a Form 8915-F for a Coronavirus-related distribution

     

    If the 2020 distribution was from an account that was Not an IRA

    Enter 1/3 of the amount from the 2020 distribution in both boxes for Line 9

    2020 Form 8915E, line 9, if you checked the box on that line, enter 0

    2020 Form 8915E Line 9 

     

    If the 2020 distribution was from an IRA account

    Enter 1/3 of the amount from the 2020 distribution in both boxes for Line 17

    2020 Form 8915E, line 17, if you checked the box on that line, enter 0

    2020 Form 8915E Line 17 

     

    Do not enter anything in the other boxes, leave them blank (empty) or enter a 0

     

    The 1/3 of the amount from the 2020 distribution will be entered on the 2021 Form 1040 Line 4b if from an IRA or on Line 5b if from a retirement plan other than an IRA

     

    After completing the Wages & Income section you will land on a screen Did you take a disaster distribution at any time between 2018 and 2020?

    Answer NO since you have already completed the entering the 1/3 of the 2020 distribution.

     

    You can view your Form 1040 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

     

    Using the desktop editions click on Forms.  Open the Form 1040

     

    You should not receive the "Needs Review" in the Federal Review section if -

    You Leave blank or enter a 0 in the box for 2020 Form 8915-E, line 4, column b

    Level 2
    April 16, 2022

    I have completed this step numerous times and the amount is still not being \transferred over to the 1040. 

    Not sure what else to do at this time.

    DoninGA
    Level 15
    Level 15
    April 16, 2022

    @Anealr1105 wrote:

    I have completed this step numerous times and the amount is still not being \transferred over to the 1040. 

    Not sure what else to do at this time.


    So there is no amount entered on your Form 1040 on either Line 4b or Line 5b?

     

    Did you enter the amount of the distribution in both boxes as requested in the procedure?

     

    If the 2020 distribution was from an account that was Not an IRA

    Enter 1/3 of the amount from the 2020 distribution in both boxes for Line 9

    2020 Form 8915E, line 9, if you checked the box on that line, enter 0

    2020 Form 8915E Line 9 

     

    If the 2020 distribution was from an IRA account

    Enter 1/3 of the amount from the 2020 distribution in both boxes for Line 17

    2020 Form 8915E, line 17, if you checked the box on that line, enter 0

    2020 Form 8915E Line 17